Mukhyamantri Laghu Udhyog Protsahan Yojana (MLUPY)

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Mukhyamantri Laghu Udhyog Protsahan Yojana

Mukhyamantri Laghu Udhyog Protsahan Yojana (MLUPY) is launched by Rajasthan state government to encourage and improvement of establishments and also to increase the number of employment in the State of Rajasthan. Through this scheme the Rajasthan state government bear a interest upto 8% on amount financed by the banks to establishments.

Hence a loan in the nature of Term Loan or a Credit facility both are eligible to get susbsidy on the part of interest. The finance must be taken from any nationalized bank, private sector banks, schedule small finance bank, reginal rural bank, Rajasthan Financial Corporation and SIDBI are eligible.

How much the benefits covered under this scheme:

Loan Amount	Subsidy on Interest	Maximum Benefit for 5 years
Upto 25 Lakhs	8%	10,00,000
Upto 5 Crore	6%	1,50,00,000
Upto 10 Crore	5%	2,50,00,000

*The subsidy on interest amount is received upto 5 years.

**Collateral security not required if the loan amount is upto 10 lakh.

Who is eligible under MLUPY scheme?

Applicant must be an individual/ self-help group/ society/ partnership firm/ LLP/ Company.

Any new established unit.
Any existing unit wants to expansion / diversification/ modernization projects.

Hence pre-established and newly established both type of units are eligible to get finance and benefits under this scheme.

What is the maximum loan/project size eligible under MLUPY scheme?

For NEW Manufacturing OR Service unit the maximum allowable project size under MLUPY scheme is Upto INR 10 Crore.

For NEW Trading unit the maximum allowable project size under MLUPY scheme is Upto INR 1 Crore.

Under Expansion/ diversification/ modernisation category the maximum project site allowable under the MLUPY Scheme is upto INR 1 Crore only.

What is the purpose of project loan under MLUPY scheme?

The project loan should be use for the purpose of land-building, plant & machinery, work shed, furniture, equipment, row material etc.

But if the land is the part of the project cost then it will be considered maximum upto 25% of the total project cost.

What is the ratio of Term Loan and Working Capital Loan under MLUPY?

If the unit belongs to Manufacturing or Service category then:

The CC Limit (Working Capital Loan) shall not be more than 40%
The Term Loan portion should be minimum 60% of the project cost.

If the unit belongs to Trading category then:

The CC Limit (Working Capital Loan) shall not be more than 75%
The Term Loan portion should be minimum 25% of the project cost.

Food Business Operators i.e. wholesaler, retailer, supplier, Restaurant, Dhaba, Hotel, Canteen, Club or any other permisess engaged in food business.
Cottage Industries associated to a food products.
Vegetable Oil/ cooking oil processing units/ factory/ refineries also including oil expeller system.
Dairy, Milk Chilling Units, Milk collection, distribution units, dairy booth etc.
Milk related items producing units like Panner, Cheese, Mava factories etc.
Units involved in Meat processing, marketing, distribution activities.
Cold storage units, other food storage units.
Caterers involving in catering related services including catering services to Railways, Airlines, Airports, Defence, Seaports etc.
Every units involving in processing, production of food items to further Import/ export.
All food/ Masala, processing/ packaging & distributing units.

What Type of FSSAI License should required ?

Type of FSSAI License is merely depending on food operator’s business turnover, production capacity, type of activity and area of business.

FSSAI Basic Registration

When a food operator’s business is small-size, start-up and having their annual turnover upto Rs. 12 Lakh per annum they can get FSSAI Basic Registration.

FSSAI Basic Registration

FSSAI State License

If the business turn over is more than Rs. 12 Lakh and upto 20 Crore per annum this type of business should obtain FSSAI State License.

FSSAI State License

FSSAI Central License

It is required when the Food Operators business having turn over above 20 Crore per annum and also required when the FOB’s supply the food to government offices and involving in import export of goods.

FSSAI Central License

Documents required to get benefit under MLUPY Scheme

Process to get loan under MLUPY Scheme:

STEP 1

Post Your Query to Legalman

STEP 1

STEP 2

Send documents through e-mail

STEP 2

STEP 3

Your project report and other documentation preparation work will be completed by our experts

STEP 3

STEP 4

After properly completion of your application they will apply and follow up to DIC Govt. Office to approve your file

STEP 4

STEP 5

After getting the approval of your submitted file from DIC Office, your file will be further forwarded to your proposed bank.

STEP 5

STEP 6

The bank will check all formalities, your credit potential and projection viability then your file will be processed finally and disbursed the loan amount.

STEP 6